Petrol prices- when does the madness end?
Discussion
28Kapital said:
jrinns said:
Leicester Costco £1.60 Cheap 167 premium and 172 for diesel this morning .
local Costco is showing £1.55 seems to heading down every other day or so DonkeyApple said:
Mr Spoon said:
Like I've said many times, when the price of fuel settled around 1.50 everyone will be full of joy.
Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Explain how. Please give, clear, well thought out reasoning as to how this will work and who will be doing it. Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Please also bear in mind that within the next 40 years the cheapest oil to extract on the planet will have been exhausted and so there won't be the $10 supply to keep the average market price anywhere near $100. But in the U.K. we will actually be one of the few countries to be OK as we will have accidentally transitioned mostly to EVs by then on the back of some silly eco drive.
Harrison Bergeron said:
DonkeyApple said:
Or maybe the properties of the word 'protection' ring a squeeze will inhibit the customers for premium from downgrading to non premium and therefor already inferior fuel.
Anyway, BP have just posted massive quarterly profits from their production business so I suspect people will be more focussed today on why they can't take that money and pay off their debts with it because it's unfair or some such.
What's really funny is that at my local terminal there's only 4 additive tanks. MOGAS,SUPER,DIESEL and RED. which is weird as Asda and Morrisons uplift from there as well as BP. And the supermarkets sure aren't getting raw petrol/diesel.Anyway, BP have just posted massive quarterly profits from their production business so I suspect people will be more focussed today on why they can't take that money and pay off their debts with it because it's unfair or some such.
[Think they're decommissioning the red tank and are going to fill it with diesel additive]
There can also be agreements that let the oil company additive be used in lower doses for common users. So that can get round tankage constraints easily enough.
Edited by Jawls on Friday 5th August 10:25
Edited by Jawls on Friday 5th August 10:26
DonkeyApple said:
bigothunter said:
SidewaysSi said:
Esso 169.9 for E10 which doesn't seem terrible.
169.9p per litre is terrible, just not as terrible as before 
Traffic volumes have not reduced much even at elevated fuel prices. Wonder how far price could be pushed before traffic reduces significantly? £3 per litre perhaps?
Plenty of scope for more taxation on road fuel - the market is tolerant...
The true risk is that the last 6 months have created a completely new ONS dataset which will be used in transport and taxation policy calculations and decisions going forward by governments.
The last 6 months has shown that you could technically double fuel duty and very little would change. Raising fuel duty would be politically toxic which is why no one has risked it for years but there are plenty of other factors that this data will possibly work against us on such as the drive to EV, road pricing etc.
It's not the corporates that we should fear but what any future government will do on the back of the data.
Corporations are governed by the need to be competitive.
Government’s on the other hand… that’s the real elephant in the room on this one. They’ve been watching, reviewing data and thinking “interesting…”
The spinner of plates said:
DonkeyApple said:
bigothunter said:
SidewaysSi said:
Esso 169.9 for E10 which doesn't seem terrible.
169.9p per litre is terrible, just not as terrible as before Traffic volumes have not reduced much even at elevated fuel prices. Wonder how far price could be pushed before traffic reduces significantly? £3 per litre perhaps?
Plenty of scope for more taxation on road fuel - the market is tolerant...
The true risk is that the last 6 months have created a completely new ONS dataset which will be used in transport and taxation policy calculations and decisions going forward by governments.
The last 6 months has shown that you could technically double fuel duty and very little would change. Raising fuel duty would be politically toxic which is why no one has risked it for years but there are plenty of other factors that this data will possibly work against us on such as the drive to EV, road pricing etc.
It's not the corporates that we should fear but what any future government will do on the back of the data.
Corporations are governed by the need to be competitive.
Government’s on the other hand… that’s the real elephant in the room on this one. They’ve been watching, reviewing data and thinking “interesting…”
98elise said:
DonkeyApple said:
Mr Spoon said:
Like I've said many times, when the price of fuel settled around 1.50 everyone will be full of joy.
Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Explain how. Please give, clear, well thought out reasoning as to how this will work and who will be doing it. Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Please also bear in mind that within the next 40 years the cheapest oil to extract on the planet will have been exhausted and so there won't be the $10 supply to keep the average market price anywhere near $100. But in the U.K. we will actually be one of the few countries to be OK as we will have accidentally transitioned mostly to EVs by then on the back of some silly eco drive.
Shallow indeed when Petrol was £1.40 ten years ago and £1.07 just two years ago
The spinner of plates said:
Agreed.
Corporations are governed by the need to be competitive.
Government’s on the other hand… that’s the real elephant in the room on this one. They’ve been watching, reviewing data and thinking “interesting…”
Corporations only need to be competitive if they have … well, competition.Corporations are governed by the need to be competitive.
Government’s on the other hand… that’s the real elephant in the room on this one. They’ve been watching, reviewing data and thinking “interesting…”
British Broadcasting Corporation is perhaps an example.
Just don’t get me started on the Monopolies Commission - why was there only one of them?
98elise said:
Governments are also driven by the need to stay in power. Big fuel bills is not a vote winner.
Labour policy is to increase road fuel duty for environmental reasons.Labour even suggested a Fuel Price Stabiliser where any reduction in retail prices would be balanced by permanently increased fuel duty. So pump prices would be 'stabilised' by staying the same or going up, never down. That suggestion proved unpopular and soon died.
More vote winning ideas from the left wing jokers
98elise said:
The spinner of plates said:
DonkeyApple said:
bigothunter said:
SidewaysSi said:
Esso 169.9 for E10 which doesn't seem terrible.
169.9p per litre is terrible, just not as terrible as before Traffic volumes have not reduced much even at elevated fuel prices. Wonder how far price could be pushed before traffic reduces significantly? £3 per litre perhaps?
Plenty of scope for more taxation on road fuel - the market is tolerant...
The true risk is that the last 6 months have created a completely new ONS dataset which will be used in transport and taxation policy calculations and decisions going forward by governments.
The last 6 months has shown that you could technically double fuel duty and very little would change. Raising fuel duty would be politically toxic which is why no one has risked it for years but there are plenty of other factors that this data will possibly work against us on such as the drive to EV, road pricing etc.
It's not the corporates that we should fear but what any future government will do on the back of the data.
Corporations are governed by the need to be competitive.
Government’s on the other hand… that’s the real elephant in the room on this one. They’ve been watching, reviewing data and thinking “interesting…”
bigothunter said:
98elise said:
Governments are also driven by the need to stay in power. Big fuel bills is not a vote winner.
Labour policy is to increase road fuel duty for environmental reasons.Labour even suggested a Fuel Price Stabiliser where any reduction in retail prices would be balanced by permanently increased fuel duty. So pump prices would be 'stabilised' by staying the same or going up, never down. That suggestion proved unpopular and soon died.
More vote winning ideas from the left wing jokers
Labour hasn't represented working class values nor protected the working class for over 25 years.
Bit like the fatcat Union leaders who haven't got their members a proper pay rise for 20 years despite taking all their subs and paying themselves nice salaries. It's like they've suddenly realised they need to something before they get busted.
DonkeyApple said:
No one quite hates the poor as much as a poor person who's tasted taxpayer subsidised champagne.
Labour hasn't represented working class values nor protected the working class for over 25 years.
Bit like the fatcat Union leaders who haven't got their members a proper pay rise for 20 years despite taking all their subs and paying themselves nice salaries. It's like they've suddenly realised they need to something before they get busted.
Bob Crow was a legend. Living in a council house despite his £145k income without a pang of conscience (in 2013). Bob was brilliant on HIGNFY. Great shame he died at just 52 Labour hasn't represented working class values nor protected the working class for over 25 years.
Bit like the fatcat Union leaders who haven't got their members a proper pay rise for 20 years despite taking all their subs and paying themselves nice salaries. It's like they've suddenly realised they need to something before they get busted.
bigothunter said:
Bob Crow was a legend. Living in a council house despite his £145k income without a pang of conscience (in 2013). Bob was brilliant on HIGNFY. Great shame he died at just 52
His best quality was that he was genuinely more intelligent than the bulk of his opposition. Just a shame he took a home from a family that needed it and achieved little for his subscribers. It'll be interesting to see if the current incarnation can create the Momentum revolution and seize all the money and power this time around.
DonkeyApple said:
Mr Spoon said:
Like I've said many times, when the price of fuel settled around 1.50 everyone will be full of joy.
Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Explain how. Please give, clear, well thought out reasoning as to how this will work and who will be doing it. Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Please also bear in mind that within the next 40 years the cheapest oil to extract on the planet will have been exhausted and so there won't be the $10 supply to keep the average market price anywhere near $100. But in the U.K. we will actually be one of the few countries to be OK as we will have accidentally transitioned mostly to EVs by then on the back of some silly eco drive.
Mr Spoon said:
DonkeyApple said:
Mr Spoon said:
Like I've said many times, when the price of fuel settled around 1.50 everyone will be full of joy.
Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Explain how. Please give, clear, well thought out reasoning as to how this will work and who will be doing it. Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Please also bear in mind that within the next 40 years the cheapest oil to extract on the planet will have been exhausted and so there won't be the $10 supply to keep the average market price anywhere near $100. But in the U.K. we will actually be one of the few countries to be OK as we will have accidentally transitioned mostly to EVs by then on the back of some silly eco drive.
Roman Rhodes said:
Mr Spoon said:
DonkeyApple said:
Mr Spoon said:
Like I've said many times, when the price of fuel settled around 1.50 everyone will be full of joy.
Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Explain how. Please give, clear, well thought out reasoning as to how this will work and who will be doing it. Then it will go 2.50 and settle at 2.00.
Then 3.00 and settle at 2.50.
You get the idea.
It's not cheap, good or affordable.
It is however, the new paradigm.
Please also bear in mind that within the next 40 years the cheapest oil to extract on the planet will have been exhausted and so there won't be the $10 supply to keep the average market price anywhere near $100. But in the U.K. we will actually be one of the few countries to be OK as we will have accidentally transitioned mostly to EVs by then on the back of some silly eco drive.
touche. ]
Not quite reached Cornwall yet. Here on holiday at the moment and nowhere this week (we’re touring the north coast) have I seen anywhere advertising unleaded for less than high £1.80s or diesel for low to mid £1.90s.
Fortunately I filled up (at high £1.80s for diesel) before I left last weekend anticipating the Cornish being behind the times.
Fortunately I filled up (at high £1.80s for diesel) before I left last weekend anticipating the Cornish being behind the times.
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